March 23, 2018 3:45 pm
Shares of data-storage company Dropbox opened 38% higher in their market debut, a sign of strong investor interest in a tech company with $1 billion in annual revenue that is seen having high growth potential.
The stock, which began trading on Nasdaq under the symbol DBX, opened at $29, above its initial public offering price of $21. The stock continue to rise after the open, recently trading at $30.35, up 45%.
Categorised in: Business
This post was written by All Charts News